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Valued Member
afjock21
Posts: 138
Registered: ‎09-26-2012

Am I paranoid about credit usage?

i use each credit card i have AT LEAST twice per billing cycle so as to have AT LEAST 2 transactions. Preventing Limit Decreases and GASP.. Closed Accounts. Am I just totally ridiculous?

Established Contributor
distantarray
Posts: 2,112
Registered: ‎09-25-2011

Re: Am I paranoid about credit usage?


afjock21 wrote:

i use each credit card i have AT LEAST twice per billing cycle so as to have AT LEAST 2 transactions. Preventing Limit Decreases and GASP.. Closed Accounts. Am I just totally ridiculous?


yes :smileytongue:

 

they won't close your accounts for barely using it, every 4 months I buy a hotdog with the ones I don't like to use. but most my cards have a purpose so it's fine.


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Valued Contributor
daybreakgonesXe
Posts: 1,653
Registered: ‎11-17-2012

Re: Am I paranoid about credit usage?


afjock21 wrote:

i use each credit card i have AT LEAST twice per billing cycle so as to have AT LEAST 2 transactions. Preventing Limit Decreases and GASP.. Closed Accounts. Am I just totally ridiculous?


Not at all! I use my cards religiously as well...making sure to use each of them at least once a month...I think I've only ever not spent something on a card during a billing cycle twice o.O I also just let the balances report, making sure to keep well below or at 10% utilization. Will probably make sure to PIF to $0 except on one card when I'm ready for a car loan in the somewhat distant future :smileyhappy:

Capital One Quicksilver World Mastercard $10k | JCPenney Platinum $7.5k | Shell Drive for Five $800 | Chase Freedom Visa Signature $9.8k | TD Bank Easy Rewards Visa Signature $5k | Chase Sapphire Visa Signature $10k | American Express Blue Sky $25k | Discover IT $9.5k

EQ FICO 737 TU FICO 746 Credit Karma (TU) 780 Transrisk 816/990 Credit Sesame (EX) 762 Credit.com (EX) 763 VantageScore 3.0 733
Valued Member
afjock21
Posts: 138
Registered: ‎09-26-2012

Re: Am I paranoid about credit usage?


daybreakgonesXe wrote:

afjock21 wrote:

i use each credit card i have AT LEAST twice per billing cycle so as to have AT LEAST 2 transactions. Preventing Limit Decreases and GASP.. Closed Accounts. Am I just totally ridiculous?


Not at all! I use my cards religiously as well...making sure to use each of them at least once a month...I think I've only ever not spent something on a card during a billing cycle twice o.O I also just let the balances report, making sure to keep well below or at 10% utilization. Will probably make sure to PIF to $0 except on one card when I'm ready for a car loan in the somewhat distant future :smileyhappy:


 yeah i do twice because i want to make sure the creditor knows i'm not foolin around

Valued Contributor
creditnocash
Posts: 2,185
Registered: ‎07-23-2012

Re: Am I paranoid about credit usage?

How many cards do you have? I've notices small gains/decreases for letting more then 3 cards report even if its like 4 dollars
Current: Discover Fico 689 7/14 Walmart Fico 682 7/14

Inquiries (24 Months): EQ 8 TU 5 EX 5 | Most Recent: 09/04/2013
2 Inquiries in The Last 12 Months


2014 Goals:
Lower Utility

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$2900
Citi Diamond Preferred$6000
Citizens Mastercard$7000

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